316 N Bixel St Los Angeles, CA 90026

$1,100,000 Sold Price as of 02/03/2016

8 Beds
8 Baths
3,704 Sq.Ft.

Off Market

$1,100,000 Sold Price as of 02/03/2016 Refinance Your Mortgage

Map preview of 316 N Bixel St, Los Angeles, CA 90026

Property Overview: 316 N Bixel St Los Angeles, CA has 8 bedrooms, 8 bathrooms, 3,704 living square feet and 3,276 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

316 N Bixel St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 316 N Bixel St

Last sold for $1,100,000 on February 3rd, 2016

June, 2023
Jun 1, 2023

Date

Expired

CRMLS: 23238053

$1,600,000

Price
Jan 31, 2023

Date

Active

CRMLS: 23238053

$1,600,000

Price
Listing provided courtesy of CRMLS

This is an excellent opportunity to purchase a renovated, 8-unit multifamily asset adjacent to Downtown Los Angeles at the intersection of Historic Filipinotown, Echo Park and City West.The classic, two-story property features a well-maintained woodframe and stucco building with vintage, character architecture. The property includes a mix of one-bedroom and studio units. Six of the eight units have been fully remodeled and are achieving strong rents. The other two units are well below the current market rent and will allow for steady increases or a large increase in income when those units vacate. As an investment, the property is offered at an attractive going-in Cap Rate with over 25% remaining upside. The property was recently repainted with character accents throughout. The common area floors and light fixtures were all upgraded while preserving the character of the Property. The six renovated units feature newer, modern flooring, new paint, fully remodeled kitchens and bathrooms, and upgraded electrical. The property also features a spacious upstairs, outdoor terrace available to the tenants for their use. The property is separately metered for gas and electric and master metered for water. There are individual water heaters for each apartment, and there is also coin-operated laundry on-site. There is no on-site parking so the tenants utilize street parking.

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May, 2022
May 1, 2022

Date

Expired

CRMLS: 21107301

$1,750,000

Price
Nov 19, 2021

Date

Active

CRMLS: 21107301

$1,750,000

Price
Listing provided courtesy of CRMLS

This is an excellent opportunity to purchase a renovated, 8-unit multifamily asset adjacent to Downtown Los Angeles at the intersection of Historic Filipinotown, Echo Park and City West.The classic, two-story property features a well-maintained woodframe and stucco building with vintage, character architecture. The property includes a mix of one-bedroom and studio units. Six of the eight units have been fully remodeled and are achieving strong rents. The two unrenovated units are well below the current market rent and will allow for steady increases or a large increase in income when those units vacate. As an investment, the property is offered at an attractive going-in Cap Rate with over 25% remaining upside. The property was recently repainted with character accents throughout. The common area floors and light fixtures were all upgraded while preserving the character of the Property. The six renovated units feature newer, modern flooring, new paint, fully remodeled kitchens and bathrooms, and upgraded electrical. The property also features a spacious upstairs, outdoor terrace available to the tenants for their use. The property is separately metered for gas and electric and master metered for water. There are individual water heaters for each apartment, and there is also coin-operated laundry on-site. There is no on-site parking so the tenants utilize street parking.

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October, 2017
Oct 31, 2017

Date

Expired

CRMLS: AR17105692

$1,800,000

Price
May 12, 2017

Date

Active

CRMLS: AR17105692

$1,800,000

Price
Listing provided courtesy of CRMLS

Prime location within minutes to Downtown Los Angeles and the Staples Center Rapidly gentrifying area where many large projects are in the pipeline Adjacent to Echo Park and Silver Lake locations; Close to 101, 10 and 110 Freeway VERY HIGH Walk Score of 92 out of 100- many errands can be accomplished by foot Very easy to Manage This building will be a magnet for artists and hipsters in years to come The property is enhanced with Art Deco original tiles and freshly painted interior and exterior, which truly brings out its vintage charm The hallway boasts natural lighting from a sky light Newly installed washer and dryer units Some units have been upgraded with a creative brick facade, new floors and brand new granite countertops and cabinets Brand new appliances installed including ovens and fridges

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February, 2016
Feb 3, 2016

Date

Sold (Public Records)

Public Records

$1,100,000

Price
April, 2015
Apr 9, 2015

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 316 N Bixel St

Assessed Value (2020): $1,191,204

Year	Land Value	Improved Value	Assessed Value
2020	$378,850	$812,354	$1,191,204

About 316 N Bixel St

Detailed summary of property

316 N Bixel St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90026 and last sold on February 3, 2016 for $1,100,000. This property has 8 bedrooms, 8 bathrooms, roughly 3,704 living square feet, and sits on an approximately 3,276 square foot lot. Homes in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.56% lower than the current median priced home. 316 N Bixel St was last sold on February 3, 2016 for $1,100,000. Local nearby listings include 800 W 1st St #2202, 800 W 1st St #2206 and 121 S Hope St #7. The average home in Los Angeles, CA is selling in 92 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 316 N Bixel St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 316 N Bixel St

Public county record property details

Beds: 8
Baths: 8
Year built: 1910
Sq. Ft.: 3,704
Lot Size: 3,276
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5,6
APN: 5160-021-022

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,300,000

Median List Price/Sq.Ft.

$736

Median Sold Price

$1,450,000

Median Sold Price/Sq.Ft.

$817

Total Inventory

Median Sale to List Price %

105.92%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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